Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. Create a Loan Payoff Letter online and download it as a PDF or Word document.Customize and print a blank Loan Payoff Letter for free. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. 1) Call the mortgage department and request an official principal payoff letter.